1st time for company tax return. General questions

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  1. #11

    Join Date
    Jan 2009
    Posts
    220
    Quote Originally Posted by tsaofan:
    Thanks to all of you for your replies,
    I think we will not avoid to get and audit then, as company's turn over is above the minimum mentionned by PDLM.
    Mamamia, it seems we are in a similar situation/field .
    It will break my heart to pay around 15K for about 30mn time spent on our audit

    Cheers!
    you or your partner can speak canto??
    you may try this one : [url=http://www.taxation-hk.com/contact_e.php]

  2. #12

    Join Date
    Jan 2009
    Posts
    220
    Quote Originally Posted by PDLM:
    HK$500,000 is hardly "small income"! It's 4 years salary for the average HK resident!
    well, to be fair, $500k gross profit is not even enough to pay rent and 2 staff for a year.

  3. #13

    Join Date
    Apr 2008
    Posts
    13
    Quote Originally Posted by mamamia:
    well, to be fair, $500k gross profit is not even enough to pay rent and 2 staff for a year.
    It's even less for us as our global turn over is above 500K HKD but the profit before tax is under it, that's why i consider it as a small business income for the moment. In my opition, we are little peanuts compared to most of the HK companies
    Thanks for the link! local friends can help, but it seems they also speak english according to the website.

  4. #14

    Join Date
    Jun 2005
    Location
    Hong Kong
    Posts
    23,205
    Quote Originally Posted by tsaofan:
    local friends can help, but it seems they also speak english according to the website.
    You haven't understood the concept of "gweilo price" yet have you?